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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China stocks fall as hot US inflation data revives rate hike fears

United States Stock Market Interest Rates Inflation Monetary Policy Hong Kong US Federal Reserve

Chinese stocks fell sharply in early trade on Thursday, tracking a broad selloff in global markets as stronger-than-expected US inflation data fuelled concerns that interest rates could remain elevated for longer.

The Shanghai Composite Index dropped 1.5%, while the blue-chip CSI300 Index declined 1.7%. Technology stocks led the losses, with the tech-focused STAR50 Index plunging 3.9% and the ChiNext Composite Index, which tracks growth-oriented companies, falling 3.1%.

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